Storms Family Foundation
- Assets
- $4.1m
- Revenue
- $851.2k
- Investments
- $3.9m
- Employees
- 0
- Location
- Bend, OR
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 26-2020553
Organization Overview
Storms Family Foundation is located in Bend, OR. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storms Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Storms Family Foundation generated $851.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Storms Family Foundation has awarded 101 individual grants totaling $5,420,020. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Storms Millis President | 20 | $36,000 | |
Anna Storms Ingram Treasurer | 20 | $36,000 | |
Rosemary Storms Montgomery Secretary | 10 | $36,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $733,625 |
| Capital Gain Net Income | $733,625 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $851,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,679 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,289 |
| Printing and publications | $0 |
| Other expenses | $8,028 |
| Total operating and administrative expenses | $166,702 |
| Contributions, gifts, grants paid | $897,500 |
| Total expenses and disbursements | $1,064,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,087 |
| Savings and temporary cash investments | $149,780 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $197,309 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,138,055 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Storms Family Foundation has awarded $2,147,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EUGENE FAMILY YMCA PURPOSE: CAPITAL CAMPAIGN PAYMENT 1 OF 2 | $50,000 |
PROVIDENCE PORTLAND MEDICAL FOUNDATION PURPOSE: PALLIATIVE CARE PROGRAM | $35,000 |
OHSU FOUNDATION PURPOSE: EXPAND & SUSTAIN PROGRAM, RELY PROGRAM, AND DEPOSIT TO DORIS & MARK STORMS ENDOWMENT | $512,500 |
THE SHEDD INSTITUTE PURPOSE: LIBRARY CAPITAL CAMPAIGN PAYMENT 1 OF 5 | $300,000 |
EUGENE FAMILY YMCA PURPOSE: PAYMENT 2 OF 2 | $50,000 |
THE SHEDD INSTITUTE PURPOSE: PAYMENTS 2 THROUGH 5 | $1,200,000 |